Like chemicals, the steel sector had also undergone dramatic consolidation in the 1920s. The result was the formation of the Vereinigte Stahlwerke (Vst or Vestag for short), a corporate giant that matched IG Farben for size and was second in the world steel rankings only to mighty US Steel.71 Within the steel industry, however, the Vestag’s position was nowhere near as dominant as that of IG Farben in chemistry.
